Sluggish demand growth for #LNG , combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply. Via Montel News

montelnews.com/news/cd18818e-…

Lackluster demand growth combined with a massive wave of new export capacity is poised to send global #LNG markets into oversupply within two years.

Learn more in our Global LNG Outlook 2024-2028 report 👇
hubs.ly/Q02t_0bw0

The $7 billion Solar for All program is unprecedented. “There’s never been an initiative anywhere near as big for expanding solar for the benefit of low- and moderate-income households across the country” bit.ly/49ZiqIo

Global #LNG markets are likely to be oversupplied and undersubscribed within two years. Our new 2024-2028 Global LNG Outlook attributes the accelerating trend to flat demand coupled with a massive wave of new LNG coming online.

Read it here: hubs.li/Q02t--t_0

Enel has confirmed it missed its 2023 SLB goal by 8%. 'The company should learn from this experience and step up its renewable buildout plans to signal continued seriousness to its transition plan,' says IEEFA's Kevin Leung to Bloomberg.
bloomberg.com/news/articles/…

How the Biden admin is trying to boost renewables on public land Canary Media canarymedia.com/articles/land-…

Good morning with good news: Global EV sales grew 25% in Q1 2024, with IEA saying 2024 global EV sales will be ~17 million or 1 in 5 cars sold.

In 2024, China's EV sales are projected to leap to ~10 million or ~45% of car sales.

Robust sales growth!
iea.org/news/the-world…

With geothermal set to boom in Texas, startups are looking for financing. The 'power purchase agreements' signed with potential consumers for wind and solar projects in the state are something the geothermal industry can easily adapt.

via The Hill

hubs.li/Q02tQjMY0

🇮🇳India's electricity transition showed substantial progress at national-level, but renewable performances differ at the state level across 3 dimensions:

🌫 Decarbonisation
⚡️Readiness and Performance of Power Ecosystem
⚖️Market Enablers

Full report👉: tinyurl.com/53e9y769

Continued installation of #gas or resistive #electric appliances is costing Australian consumers $3.4 billion annually. Improving #energy performance standards could mitigate these costs. #Australia

Read more with the briefing note from Jay Gordon 👇
ieefa.org/resources/appl…

A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) says that carbon capture will not be critical to the decarbonization of steel.

IEEFA.org #carboncapture

bit.ly/3Wb5P19

Peak power demand in India projected at 260 GW, states need to up clean energy capabilities: Report etenergyworld.com/s/sj6yy4h via ETEnergyWorld

IEEFA.org | Saurav Anand | #CleanEnergyLeaders #India #Karnataka #Gujarat #IEEFA #Ember #RenewableEnergy

In recent years, equity indices with reduced fossil fuel exposure have proliferated, passed major funds’ prudence tests, and been adopted without significant transaction costs. There is good reason to believe that this is a durable market trend.

hubs.li/Q02tvk810

Join IEEFA South Asia and Ember tomorrow for the launch of our annual Indian States' Electricity Transition #SET report. Webinar details -📅 23rd April | ⏰ 11 am IST | 🔗 Register for webinar here: tinyurl.com/49f6jp2b

#Steel is a major contributor to global #CO2 emissions, but retrofitting fossil fuel-based steel production with #CCUS faces challenges. #Decarbonisation #GreenSteel
Link to Factsheet👇
ieefa.org/resources/carb…

Biden is marking Earth Day by announcing $7 billion in federal solar power grants apnews.com/article/5bece7…

Okay, this is crazy

Today, California met 148.3% of demand with #WindWaterSolar & 122.7% of demand with solar alone at 14:15

CA met >100% of demand with #WWS for 9.25 hours

And the 24-h average WWS was 85.4% of demand

The 36th of 44 days with WWS>100%

This is just the start

Our upcoming Global LNG Outlook 2024-2028 predicts that sluggish demand for #LNG , combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply.

Stay tuned for the release on Thursday, April 25th.